Reference no: EM131935156

Question: 1) Speculate to the specific stage in the life cycle of a business that the average entrepreneur would likely not fully be prepared to handle. Provide a rationale with your response. Then, make a recommendation for helping the entrepreneur be better prepared for that life cycle.

An entrepreneur must make many decisions during each stage of the life cycle of a business. Assess which decision may be the most difficult decision for an entrepreneurial to make and what may help to prepare for this stage of decision making. Provide a rationale with your response.

2) All entrepreneurs want to be paid for their hard work, yet it is often the entrepreneur who is last to be paid. Determine a rule of thumb entrepreneurs should follow when financing a venture to ensure future payment for services rendered.

From the e-Activity, create two (2) best practices entrepreneurs should follow when working with venture capitalists and make a recommendation on how each would be implemented.